Silver Lake to Invest USD800m in UAE’s AI and Cloud Computing Company Group 42
Silver Lake has invested USD800m for a minority stake in UAE-based artificial intelligence and cloud computing company Group 42. Read more… Read More
Finnfund Commits USD26m to DPI ADP III
Finnfund has committed USD26m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read more… Read More
KJK Acquires Lithuanian Heavy Equipment Provider Alwark
CEE-focused PE firm KJK has acquired a majority stake in Alwark Group, a Lithuania-based provider of heavy machinery and warehouse equipment, for an undisclosed amount. Read more… Read More
SoftBank and Blackrock Lead USD640m Series E for Singaporean Computer Vision Company Trax
SoftBank Vision Fund 2 and existing investor BlackRock led a USD640m Series E for Trax, a Singapore-based computer vision company focused on retail, with participation from OMERS and IGV’s Sony Innovation Fund. Read more… Read More
Grab to List on Nasdaq Through SPAC Merger with Altimeter
Singapore-based super app Grab is set to list on the Nasdaq through a SPAC merger with Altimeter Capital Management in a deal that could value the startup at ~USD39.6b, with an additional ~USD4b PIPE deal in the works. Investors in the PIPE include BlackRock, Counterpoint Global, T. Rowe… Read More
Moshesh Partners Reaches First Close for Renewable Energy & Clean Infrastructure Fund
South Africa-based Moshesh Partners has reached an undisclosed first close for its Renewable Energy & Clean Infrastructure Fund. The vehicle has an initial target of ZAR2b (~USD137m) and plans to invest in large-scale renewable energy projects and clean infrastructure in sub-Saharan Africa. Read more… Read More
Tera Ventures Reaches ~USD51.2m Final Close for Seed Fund
Estonia-based VC Tera Ventures has reached a EUR43m (~USD51.2m) final close for its seed-stage fund targeting investments in startups in the Nordic and Baltic countries. Read more… Read More
Pine Labs Acquires Malaysian E-Commerce Platform Fave for USD45m
Pine Labs has acquired Malaysia-based e-commerce and fintech company Fave for USD45m, facilitating an exit for all existing investors including Sequoia Capital India and SIG Asia Investments. Read more… Read More
SoftBank-Led Consortium to Invest USD1b in Televisa-Univision Merger
A consortium of investors led by SoftBank and including Google and the Raine Group will invest USD1b in Televisa-Univision, a merger between Mexico-based broadcast and media giant Grupo Televisa and US-based media company Univision Communication. Read more… Read More
NBK Partners Invests USD20m in UAE’s HR Outsourcing Company Reach Group
NBK Partners has closed a USD20m acquisition financing facility with UAE-based HR outsourcing company Reach Group to support the company’s cross-border expansion. Read more… Read More
(default archive template)